Greater China

Francis Giglio has been promoted to Asia Pacific head of depositary receipts at BNY Mellon, replacing Neil Atkinson who will transfer to London.

China Development Bank Financial Leasing Co is back with its second dollar bond, following its international debut in November 2014. Financial leasing firm Lionbridge Capital Co is also looking to price its debut deal on Tuesday.

The board of directors of Irico Group New Energy Corp has approved an H-share placement of up to Rmb2bn ($296.3m) to help fund some photovoltaic glass projects.

Everbright Water wrapped up its first Panda bond on July 21, raising Rmb1bn ($148m) from a five year deal in the exchange market. The company had originally planned a longer tenor deal, but backed down after considering the cost.

Chinese mobile phone maker Xiaomi has allotted its $1bn loan, fully exercising a $250m greenshoe option on the back of strong demand.

Hong Kong’s market regulator has turned down AMTD Strategic Capital Group’s application to list on the city’s stock exchange.

Jiangxu Zhongnan Construction Group Co and Weichai Power Co are eyeing the international market for foreign currency bonds, with the former planning a debut $300m three year and the latter €650m-equivalent.

Digital China Holdings is preparing to raise up to HK$1.45bn ($185.8m) from a rights issue to help fund investment in big data analysis in the healthcare industry.

Chong Hing Bank wrapped up the exchange portion of its legacy tier two bonds last Friday, soon after raising $360m from a 7.5x covered new money transaction that was buoyed by its rarity value.

China Shengmu Organic Milk opened syndication for a Rabobank-led $100m three year financing last week, returning to the loan market after an absence of about one and a half years.

Longfor Properties completed its dual tranche Panda bond debut on July 20, pricing three and five year tranches in the middle of guidance. But the issuer had to make a last minute tweak to its plans as investors gave clear priority to the shorter term notes.

Aluminum Corporation of China (Chinalco) has approached lenders for a $200m two year loan through its Peruvian arm, according to bankers.